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and medicaid. >> elections come and go. and when they go the spirit to find common ground becomes greater. >> reporter: georgia republican saxby chambliss and mark warner lead the gang of eight. four senate democrats and four senate republicans, who originally met in 2007 to craft a plan to cut the debt. >> you still don't have a final product after 2 1/2 years. why do shud we have any confidence that the president and the leaders should get anything done in the next two weeks? >> anything we look at we won't completely reform the tax code or completely make all the changes in the entitlement programs in the next seven weeks. over this last 2 1/2 years, we all know where the issues are. can we make enough of a down payment to assure the markets and put a real process in place that will allow us to work through this? >> reporter: chambliss says he and other republicans still oppose hiking tax rates on the wealthy, a move they contend kills jobs. instead, republicans propose limiting tax deductions for high earners. eliminating the mortgage deduction for second ho
promised the people of egypt when you were elected president. >> reporter: now the egyptian president is putting himself above zwrui additional oversight they stressed the move was only temporary designed to hold people accountable in the previous regime but nevertheless democrats are nervous. one leading senator was asked what message should obama give the egyptian leader. >> he has to express those concerns and say obviously we wanted this change to be not just democratic but also be supportive of stability and also minorities and human rights in egypt. >> reporter: with the danger of instability the egyptian stock market was down more than 9%. >> heather: thank you very much. >> gregg: new york con man peter king announced he will be stepping down from the committee. he is obligated to step down because of term limits self-imposed by the republican party as chairman he helped ensure that new york received crucial federal funding to help combat terrorism. his replacement is not yet announced. he will devote to his new time as the homeland's panel of counterterrorism subcommittee. >>
by ambassador rice and president obama three weeks before an election. >> shepard: rice said while we wish we had had perfect information, just days after the terrorist attack, as is often the case, the intelligence assessment has evolved. neither i nor anyone else in the administration intended to mislead the american people at any stage in this process. and the administration updated congress and the american people as our assessments evolved. democrats call it all pure politics. they won the election, but the opposition still fighting. so now showdown between the white house and house republicans over the president's choices for his cabinet. catherine herridge live in the dc news room. it sounded like they were ready to dial this back. but they've dialed it up instead. >> they have. within the last hour, this from the three senators disputing white house claims that statements about benghazi are a closed matter, that there are no unanswered questions. the senators saying this morning the acting c.i.a. director morell told them the al-qaeda references were dropped in the c.i.a. talking poin
on israeli security? >> i think it absolutely should. what we saw even before the election here in the united states is that netanyahu has said time and again even in the face of critics that there has been no stronger ally to israel than the united states. the criticism kept comincoming, though. after this incident, i really do think the critics will be quieted. there's a lot of talk about how successful the iron dome program wus was. it deflected over 80% of the rockets that were fired into israel. president obama has committed more funding to iron dome. and i think that it really does cement the fact that this president and this administration has been a tremendous friend and ally to israel and that is not going to change. >> looking to the future, amy, with egypt's mohamed morsi stepping in to broker the peace, does it show that the region no longer needs the u.s. to take the lead role? certainly secretary of state hillary clinton was there, but maybe not a lead role anymore in this type of negotiation. >> no, and in fact, the united states was very crucial to president morsi negotiating
. remember how quickly he threw away his 70% approval rating from the 2008 election, when he went with the spend, spend, spend approach. he's now walking in with a 50-plus percent approval rating and going for tax and spends, tax and spend. i think he'll find his approval, begin to continue its way down from where it was when he first ran. and secondly, the republicans won the house of representatives, and they won it after redistricting, which means they're all running in the same districts for ten years, so, that republican majority is here for a long time and it's fairly comfortable, they're not going to be pushed back or bullied around. the president's gone in four years, the republican house is there for ten, and they all won, having voted for and debated and discussed and explained, the ryan plan, which is entitlement reform and tax reform. it is a tougher house than we've ever had capable. >> grover, i'm looking at your picture in the new york times of all places, your picture is in the new york times yesterday, saying-- i can't hold it up because, it's there. okay? there h
they opened election day, shannon. >> thank you, anna. >> and this will probably be the last thanksgiving with large numbers of american combat troops in afghanistan. about 66,000 service members are still there and they celebrated thanksgiving with some of the holiday trappings of home. most americans troops are supposed to be out of the country by the end of 2014. the salvation army in canada says it's been overwhelmed by offers of help, following the theft of 2 million dollars for toys and donations and it's believed as many as 100,000 items are for the organizations to run a warehouse over a two year period. and a local toy company is donating $100,000 worth of toys and the salvation army in ottawa have been fired. of course donations like those here in america are like those tax deductible and with the u.s. approaching a fiscal cliff, there are rumblings of big changes and some could impact charity. the and here is the national correspondent tim angle. >> thanksgiving, a time to relish one's blessings and help the less fortunate. >> in the scramble to avoid the fiscal cliff, both the
. the election's over. president obama won. >>> it's a big weekend for shopping. it isn't over yet. today is cyber monday. the biggest day for online sales. >> shoppers are expected to spend $1 billion 1/2 today. >> and some like to shop in bunny slippers. >> and fret mohammed morsi granting himself extra powers. >> sending the country's stock market into free fall. >> buy a ticket for this wednesday's powerball lottery, you could win in the megaball. >> bradshaw with the touchdown. >> giants tommenate. >> officially a time-out. >> cheerleaders shave their head to support the coach diagnosed with leukemia. >> and all that matters -- >> suddenly changes into the -- 6. >> anybody want to top that now? >>> on cbs "this morning." >>> the rolling stones marked their 50th anniversary with a concert in london and head to the united states next month. ♪ hey, you, get out of my path ♪ you know when i'm going, out of my path ♪ captioning funded by cbs >>> welcome to cbs increases and automatic spending cuts that would start in january. >>> this morning there are ne
governments of unfunded liabilities just to the public employees. melissa: we just had an election. people do not believe that. lou: i do not understand. the election was not about unfunded liabilities. melissa: fundamentally about the size of government and people voted bigger. lou: i must have missed that. the republican party has grown government and assume advisers to government -- governor romney were the same as president bush. melissa: is seen as the boat to four obama was bigger government. lou: and the vote for mitt romney? i am saying the intellectual integrity of the moment acknowledging it is the size of government if we can't sustain them and the social safety net programs in perpetuity when we're trillions of dollars in debt and for doing so. melissa: how do drive that message home? nobody is getting it. >> a lot of people are. but they're not being honest. there in the democratic party and if they continue to refuse what is reality, and then a cliff is a small thing and embedded for decades. it is not a pleasant experience. melissa: i am not excited. [laughter] i hear you. meli
of things going on in politics as ever. we had regional elections in spain. yields you can see slightly higher, but still well below 6%. now, these regional elections fairly important because we know catalonia has been pushing on on independence. now, it looks less likely we'll get that referendum, but not because people in catalonia are any less eager on a separatist movement. just that they didn't vote for the main guy who is proposing it. they voted for competitor party which is makes it slightly harder in the short term for them possibly to get a referendum going. so eases the pressure in the short term but means there is still a longer term problem there. catalonia is one of those regions that still has very large deficits, as well. so the politics in spain slightly skewed as they will be, but not so much pressure on rajoy at the moment. unlikely to ask for assistance in the short term. we also have another euro group meeting take, back in brussels, yes, i know, we seem to have one every week. they may come up with a long term financing deal for greece. finally talking about debt f
to the west bank for 9:00 a.m. meetg with president mahmoud a boss. the elected political party in the gaza -- a power broker. they still considered a terrorist organization. clinton then departs from cairo to meet with egyptian president allegedly trying to broker a deal between israel and hamas, more than likely loong to preserve billions of dollars in s. aid is nation. president obama has requested more than one half million in congress. tonight we will examine the parameters of any so-called israeli gaza peace deal ad the real posibility that such a deal has in essence been stuck as -- struck already. been kept officially on hold until the obama administration could take some of the credit. some of the brightest minds in thebusiness. john bolton, fox middle east affairs analyst. in other major developments tonight, the world's most important banker doing ell street investors no favors real acquainting them instead with the scary parts of the fiscal cliff story. the federal reserve chairman spooking investors saying that the bank would not have infinite ability to address the fallout fr
. their first sit down since the election november 6. tonight's record-breaking powerball jackpot is now up to $550 million. people lining up across the country for their chance to hit it big. if you think you're going to become an instant millionaire, here's a sobering stat. the odds are one in 175 million. those are your headlines. back to you. lori: thank you. melissa: are you sharing your lottery winnings with me? lori: yesterray i was on the fence, but i've decided i should be generous. melissa: in the summer knight capital was fighting for it survival after aaron's trading wiped out money from the balance sheet. but they find themselves in the middle of a bidding war as high frequency trading outfit tries to outbid their arrival. who has the advantage? which has the advantage. >> we report, you decide. i will lay ouu a couple of things. convincing the board to accept an all cash. from $3 plus. we don't know what the plus is, that could be a big thing. they're looking to do this by telling the board members, who actually like the ceo, tom joyce. he corralled the new investors when they
as a result of paying it earlier. >> adelson loses in the election so he realizes rates are going higher so he pays a special -- >> i don't know what the numbers add up to. he spent over -- how many millions did he spend? >> for investors that want to catch the next one, it's a shot in the dark to know who will be -- we're kind of running out of time here. >> the clock is ticking. >> go to one where you have grandkids relying on the dividend. anyone out there? >> it's great point. >> generation skip? >> walton grandkids, $800 million a month in dividends. >> how do you spend all that? >> i don't know. >> but brown forman is a fantastically performing -- a real winner. you may know this as jack daniels. very successful -- very successful growth company. as has bean. these are very, very cash flow spewing companies and they're giving it to you. i love it. i really do. >> it's amazing. >> we talked about it so long ago after the election you started to see it pop one after another. walmart setting the tone. >> returning capital to share holders is a theme. adt as well increasing its share repurch
that the president was notified on the day of the election. clayton is here to guide you through the best black friday deals. >> you are a cool geek. >> black friday and saving hundreds of bucks stay tuned and grab your coffee. ♪ ♪ you better shop around. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. ser
gained more than 1%. the dow closing above 13,000 for the first time since the election. this week, the focus turns back to the u.s. economy now the fiscal cliff talks are looking more promising and the election is behind us. new reports this week on the housing market, manufacturing sector and consumer data. also the second estimate for third quarter gdp comes out on thursday. the broadest gauge of the health of the economy and economists think that number is going to show better growth than we saw, 2.8% down from 2.2% that they had thought earlier. the fiscal cliff being, you know, something that really helped the stock market last week. >> i would imagine. >> don't screw up. >> please, congress, don't mess this up. let's take a live look this morning at the capitol dome where congress is back to work this week. s fiscal cliff staring them in the face. 35 days, we go right over that cliff or right down that slide or whatever the metaphor is we're using today. politicians on both sides of the aisle are now signaling that they're willing to compromise. that includes republicans who
roosevelts election derailed from the depression. >> gretchen: stewart varney went back to the 30s and fast forward here. >> not just me. first year of fdr's second term was 1937 and it was a terrible year for the economy. dow jones industrial was cut in half . unemployment 15 percent and it was a depression within the big depression of the 1930s. is the parallels between then and now. fdr raised taxings. president obama is going to raise taxes. many of the big themed policies of the first term of fdr were implemented in the second term. same with president obama and think obama care and financial reform . attacking wall street as the villian. president roosevelt did that . wall street was the villians and shades of that exactly. 2013 president obama wall street is the villiage and then the rearrangement of society. fdr tried to do it. and president obama is doing it and run away government spending. parallels are there and hope it doesn't work out like it did then. >> we want all americans back to work. and back in the 30s industrial plummeted 34 percent in the first year of the second ter
, that in the weeks before the election, the obama administration tried to speed up the process of putting permanent rums in place when it comes to the unmanned drone strikes in case president obama did not win reelection. the new york times reports two officials were saying, so the new president would inherent new standards and procedures and jept and state department argued for more restraint. tragedy in bangladesh, a fire races through a garment factory killing at least 112 workers. many people were trapped at staircases gave way and there were no emergency exits. no word yet on the cause of this fire. this fire is reminiscent of devastating triangle shirt waist factory back in new york city in 1911 in which 146 garment workers were killed. and they started-- dave, what am i doing reading sports? >> go ahead, it's about gender and switching. >> alisyn: yeah. >> dave: and boys could have dolls and toys catalog and you can read a notre dame story. >> alisyn: you have to go with your strong suit. it's not about gender. >> dave: your daughters can play with the legos. >> alisyn: i'm going to do is ph
will stay on until a new government is sworn in after the elections. national elections in january. ehud barak is israel's most decorated soldier. he also served as prime minister. barak has been moderating influence with the united states and powers. his decision to quit politics comes at a time of uncertainty with israel. he has clashed publicly with the prime minister there benjamin netanyahu how to handle the threat from iran's nuclear program. folks at the macy's thanksgiving day parade spotted something strange. turns out some of the confetti was actually secret police files. coming up, how social security numbers and info on undercover cops and even governor mitt romney's motorcade ended unraining down ended up raining down on the crowds. second time in just days that a bird strike sparked a mid-air emergency. that's coming up as fox reports live tonight. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign the
. our president during the election, he himself embraced the three to one notion and referenced bowles/simpson. i think both sides understand that. i'm not believing that there's that much irresponsibility among leadership in washington. >> let me ask you about entitlements. it's unclear at this point as to whether democrats are seriously willing to put that on the table. if you listen to harry reid, the senate majority leader, it would certainly suggest they're not. the white house itself has said it considers entitlements, social security, and otherwise as a separate issue from the fiscal cliff. house leader eric cantor speaking this morning in washington about that very issue. i want you to listen and we'll talk about it on the other side. >> we have not seen any good faith effort on the part of this administration to talk about the real problem that we're trying to fix. i'm told that mr. bowles, as some of us will meet with him later today, had said earlier this morning there's been no serious discussion by the white house on entitlements, on medicare and medicaid. >> is that where
. but after the election now front and center all the coverage really is the fiscal cliff, the warnings, what might happen. that is finally, as a result, starting to hit home. in october, for example, very few people have the fiscal cliff on the radar screen. now half of them are worried about it. i think it has moved up the list now for the first time for consumers. melissa: to ask why they are not buying more, they will stand so darn right about that fiscal cliff, i will not get an extra toy. >> how they really feel it is the equity market is not doing well in the last month. that is what brings it home for consumers. you can ask how has the economy thabeen doing the last couple of weeks they don't feel quite as good as they did a couple of months ago. a lolove that is the equity mar. melissa: the fiscal cliff is probably symbolic that this idea that we have the same people in washington sitting there agreeing about nothing and getting nothing done and whether it is the fiscal cliff specifically for the economy in general, these people are there doing nothing, still they're the ones who hel
to be in a trading just like when i saa you the last time before the election. i think they will sweat as. i think everybody will get scared. i think you will be an enormously wonderful buying opportunity for stocks that you like if they cause the market to go down a lot. lou: at which time can be still declare it to be christmas? >> one would hope. we have children. lou: thank you for being here. we will see how it plays out. we will hang on and keep our fingers crossed. white house spokesman says the president just is really impressed with the ambassador and does not care about the consequences of misleading the public on what happened there. we are joined in moments. and the so-called fiscal cliff dominating debate in washington d.c. a lot of talk. what about the finances in state capital all across the country? folks are kind of ignoring another source of -- well, let's say inched. take a look at some of the worst offenders in the "chalk talk" here next. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] e mercedes-benz winter event is back, no matter which list you're on. [ santa ]
and bipartisan effort now that the election is over. melissa: so you think he's your only go here? >> well, yes, we think that his efforts could make a huge difference. we were awarded this back in march of 2010. president obama awarded this to virginia, and unfortunately after the vp bill in april, our sale was initially postponed. then it was eventually canceled. what we are trying to do is reinstate the sale. melissa: how much oil are we talking about here, what with the estimates? what would it mean for you? >> well, the estimates, which are actually 30 years old, they were done 30 years ago. estimating 3.3 billion barrels of oil and over 31 trillion cubic feet of gas off of virginia. typically, these estimates are overproduce when they are actually developed. we think there is a substantial amount out there, and according to estimates, 31,000 jobs could be created by exploring that area. we think it's good for the economy. it's good for tax revenue. it is something that the president could do. >> i have followed this industry for a long time. these estimates are very conservative, there is
, elected representatives now saying, you know, i'm rethinking whether there should be a no tax pledge. >> true. that's on the senate side. on the house side, revenue was on the table a long time ago, as in last summer of 2011 and said if we reform the tax code, clear junk deductions out that for the upper brackets, there's more revenue and simplifies the system, and at its best, the tax code is designed to be as simple as possible which is a mess right now, and if you clear that out, people going back to making profit. when i was growing up, profit was a six-letter word, but now it's a four-letter word, and if you make a profit, people want to punish you. gerri: if it was simple, people wouldn't know what to do. >> i do, i understand, but that's the way we get taxes in is that people make more profit, then we have more tax revenue. gerri: what about what bowles had to say in i want you to listen to him. >> okay. >> i'm not encouraged or discouragedded. i'm really worried that we have a real probability we could go over the cliff, and that would be catastrophic. gerri: here's somebody
up above 13,000 barely on the dow. europe taking stock of spanish elections over the weekend waiting to see if they can agree on the bailout for greece. we start with black friday shopping weekend. numbers look out as we kick off cyber-monday. which retailers crushed it and which ones were crushed? >>> if you were keeping track, the dow added 421 points last week and bulls argue it could add even more if european leaders settle this dispute over greek aid. we'll discuss the potential impact as they meet in brussels right now. >> a big day for analyst upgrades. research in motion, facebook, yahoo! we'll go over those and see why citi needs three analysts to initiate coverage of apple. we'll begin with retail sales picture from this past weekend. 139 million consumers shopped during black friday weekend. that's up from 132 million last year. total spending up to 59.1 billion to 54.4 a year ago. average holiday shopper spending $434 over the weekend. sales on black friday fell 1.8% from the same day a year ago setting the stage for today known as cyber-monday. american shoppers will spe
-off after the elections. we had sandy to deal with also. this has taken our mind off that which is a nice change of pace for the people on the east coast. so the holiday season gives us something to cheer about. the markets have done their part this week. >> how are we setting up for next week given that next week is going to be a full trading session for one but as i mentioned, washington gets back to business hopefully and maybe gets some work done. >> is it back to business? are we going to expect anything out of them? down here it doesn't seem like we are. i don't want to say that we've lost hope but the fiscal cliff, we don't think it will happen, we really don't. i don't expect anything out of washington. i would look more toward overseas and what they're seeing. things are going to keep falling. >> what matters more to the markets, spain or the fiscal cliff? >> the fiscal cliff is so quiet this week. i'm going to say spain. a bigger linchpin short-term going into next week. >> matt, thank you for stopping by. a special black friday treat for you. sears and kmart president one of th
decimated but gop senators say it is proof rice was putting pre-election spin before national security. >> it was unjustified to give the scenario as presented by ambassador rice and president obama three weeks before an election. >> reporter: ambassador rice, what do you say to republicans who say your comments were politically motivated? rice didn't answer our question but admitted her talking points were, quo, incorrect in a key respect. there was no protest or demonstration in benghazi. while we certainly wish that we had had perfect information just days after the terrorist attack, as is often the case, the intelligence assessment has evolved. we stressed that neither i nor anyone else in the administration intended to mislead the american people at any stage in this process. and the white house had this to say. >> the focus on some might say obsession on comments made on sunday shows seems, to me, and to many, to be misplaced. >> reporter: gop senators also complain rice neglected to ask key questions before telling the public what turned out to be wrong information. >> that's tr
for the himpingts after the election republicans believe taxes should be raised on the wealthy but they should not be for two reasons. you should ask people what the wealthy pay in taxes. most people have no idea that 1% pays 40% of the taxes. do no warm, hippocratic oath. the cbo says if you raise taxes on the rich people you'll underperform the economy by a point. why do it at all, larry? >> do y do it the all all. the white house put out a study saying if we fall off the fiscal cliff consumers will lose 200 billion worth of sales, maybe income, too. why are we doing this, keith boyakin? >> two things. first of all, part of the reason, in response to layer, why 1% of the top earners pay 40% of the taxes is because they control 42% of all the income and wealth in the country so there's a great deal of income inequality in our country. we'll debate that larry. but second question, getting back to what you said, laurie kudlow, the white house report didn't say that raising tax on everyone was a problem. it said that raising taxes on the middle class would cause a $200 billion crimp or reduction
today, ying that elections have consequences, and this one americans voted for this. yoyou can. i don't know they voted on more spending. >> there is some truth to what you say. >> a lot. >> all truth. neil: a little. >> we're in the pregehmannal sis, thi -- we in the pregame analysis, does everyone believe we're getting threw this without any spending cuts, of course, not, here is what is going on happen decemr 31 we take steps to resolve some tax issues, it will have a lot to did with how we approach taxes next year, you will seeesome discussion, on cutting some spending but is that going to be carried over? neil: here is what i'm worried about. my point is -- >> you and i will remember this you were not even born. >> 92 neier was i then. neil: you are right. >> he was responsible. neil: idea was, i will raise taxes if you guise come back with spending cuts, he raised taxes, they did notome back with spending cuts. are republicans risking going down the same politically disastrous road. >> we have to cut a lot. there is so much waste. neil: you know closing loopholes and that. grove
. >> although the president is in a position, he's not running for re-election again, kind of look at things -- >> he's in a position of compromise you would think. 2014, if you can get a democratic house, then you can consolidate everything and you can get a democratic house how? by making them -- >> by saying the republicans are -- >> obstructionists, blah, blah, blah. >> and then you play for the last two years. >> playing to just consolidate all your redistribution. >> i get it, but also a tough way to play the game. >> did you see drudge? >> i did. >> bush 3. >> jeb bush talking about 2016. >> and then christy -- >> already talking about 2016. >> we are. and christie is getting his re-election campaign ramped up. he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech
election. so there you have it. >> dana, real quickly here, what does she want to know from ambassador rice? is there something specific that she didn't get, part of an explanation that she needs to know he in order to resolve this? >> reporter: well, she has lots of questions but she did introduce a new wrinkle into the whole question about susan rice's qualifications or experience, probably the better way to put it, and that wrinkle is that back in 1998, the bombings of the u.s. embassies across africa, susan rice at the time was assistant secretary of state for africa. so what senator collins said she was asking was whether or not she was part of the team that denied those embassies who apparently were begging at the time for more security, deny them more security. what senator collins said is that ambassador rice said she would have to refresh her memory, it was a lot of years ago, her role in that process. that's a new wrinkle here. we've heard a lot about benghazi and the current history but not going back all of those years. >> dana, thank you so much. i want to focus on what senator
says he is stepping down from the ranks. just weeks ahead of the general election. the former general and one-time prime minister said he will stay at his post until a new government is formed. those are your headlines. back to dagen and connell. dagen: online black friday sales topping a record. $1 billion. connell: we want to know about today. supposed to be this big day online. we have sent adam shapiro out there. >> 1.2 million square feet. they have 40 of these centers throughout the united states. this is the largest. we are on a 15 minute rate. they will come back at 11:30 a.m. they have been going 247. anybody who is selling online. at amazon.com, they will sell more than 200 items per second. last year it was 204 items per second. they expect revenue in the fourth quarter to be 16 to possibly 30% higher. i want to give you a quick shot of that area i am in. they take them out and put them in the yellow fins. they are said further down the line to the pickers. then they package it. then it is sent to your house. we will talk to an exeeutive about the numbers and billion dollar
to take it. >> steve: something that the state of california did on election day raised taxes on people who were success . and you are making california your number two turkey. >> they are a shoo in for the label turkey. what other state goes from the most prot perous in the world a generation ago to abject poverty and the highest poverty rate and taxes in the nation and highest sales taxes and exodus of jobs and middle class people. they are bankrupt by any other thame and they are a turkey state. >> brian: they are even losing the movie industry. they are going elsewhere to do movies and number one over all. >> france. you have to pick a country as leading turkey of the world and france gets it. not only bruce and elect a socialist as the head of france he raises taxes and he lowers the retirement age from 62 to 60. at a time like this, you lower retirement age? you are bank rument to start with. that is nonsense. >> steve: that's funny you are using spanish. turkey in french word. and we'll watch you in fox business starting at 9:20 on this. >> it will be a fun turkey day show. >> br
ever. after many hear their elected leader has driven the wedge deeper and wider. at dawn, there were more tents and protesters around tahrir square, but that didn't stop clashes with police, where protesters blocked traffic defying president mohamed morsi's orders. after morsi declared sweeping powers for himself, leaving him above the law. >> translator: we are here because the goals of the revolution have yet to be achieved. >> reporter: morsi told his supporters he had to take radical measures to protect the revolution. and fast track a new constitution being written by a mostly islamist assembly, after which he said he'd give up those powers. yes, he might be a dictator for the time being, but these powers will be transferred to an elected parliament, he said. but the decrees have triggered protests and riots across the nation. dozens were injured in alexandria when angry youth stormed and set fire to morsi's muslim brotherhood headquarters. this action makes him a dictator even more than hosni mubarak, he said. critics call it a power grab, after brokering a cease fire deal in g
've got a house election in two years -- less than two years. >> although, i don't think this is about electoral politics right now. this is about -- this is about dollars and cents for specific interest groups, constituents, supporters of these politicians and their ideological views. so, look, it's not easy to do. and i believe at the end they'll do it, but this is part of the dance, you know, before it gets super intense. >> and you know what else it is? it's sausage being made and it's ugly to watch. but then -- and then i think about closing loopholes. and name your loophole, and i can give you a two-year argument. mortgage. oh, it's going to kill the housing industry, charity, we can talk for two years, what will it do to charity? >> universities and -- yes. >> you name any sacred cow. that's why it's sacred, it's a sacred cow. >> state and local tax deductions, oh, my god, what's that going to do to new york? >> is it easier to do the cap and that gives you the nebulous, well, we're not hurting anyone -- >> yes. >> would that work? >> yes. i mean, a lot of tax policy experts lik
authority to the interim iraqi government, which would run the country until elections could be held. [gunfire] >> the insurgency was already gaining momentum. and with the, then newly constituted iraqi army riding into battle in unarmored pickup trucks, and scrounging for guns and ammunition, the iraqi defense ministry went on a billion dollar buying spree with almost no oversight. the contracts were paid in advance with no guarantees, and most of them involved a single company. >> there were awarded without any bidding to a company that was established a few months prior with a total capital of $2,000. so you had nearly a billion dollars worth of contracts awarded to a company that was just a paper company whose directors had nothing to do with the ministry of defense or the government of iraq. >> the name of that company was alain al jaria, which in arabic means the ever-flowing spring. it's address, here in amman, jordan was a post office box. it's telephone number, a mobile phone. the principal was a mysterious iraqi by the name of naer jumaili. and a half a billion dollars in i
. this is meeting number two now with benjamin netanyahu. and then in a few hours she'll meet with the newly-elected president mohamed morsi. this just underscores the urgency of peace talks here in the region. the israeli air attacks killing 27 more palestinians bringing the death toll to 137. a spokesperson for hamas sounding hopeful. an end to the violence is near telling cnn, quote, we are close, we are on the edge, end quote. i want to bring in dan, a former israeli officer and now a scholar at the center for middle eastern policy. good morning to you. >> good morning. >> let me just begin on what your reaction is on what appears to be a level of new violence in tel aviv. could this be a game-changer? >> well, this is a very serious development, i think. and whether it is a game-changer or not, we'll have to see. i think that up to now while a cease-fire, the parties feel that a cease-fire is within reach, they were scrambling to achieve last-minute gains, strategic and public imagewise before a cease-fire comes into effect. i think that this bus explosion is sort of a decisive image that hamas
before the election. they held a lot of those back. i have not looked at all of the rules so i cannot tell you about all of them. i can tell you that i think some of them are pushing the envelope. sometimes they push the envelope because that is moving technology forward. i always have a skepticism when there is an immediate, no, no, you cannot possibly do this. if you sit down with the people and that is what i think they have not done is bring everybody to the table and sit down and say how do we reach this goal. understand where we are coming from. how do we do this together so you can pick to continue to create jobs. dagen: thank you. connell: the least respected companies turning out to be some of the biggest gainers we have seen here in the last couple months. dagen: loving a loser. that does not describe sandra smith. sandra: take a look at the nasdaq. the tech heavy nasdaq just barely in negative territory. research in motion, the maker of the blackberry, everyone is questioning about whether or not this company would survive. it had a huge run-up yesterday. take a look at thi
up to the election -- let's shovel out more unemployment. i'm excited. woo! >> if the potential growth rate is 2.5 -- >> is this what we're looking at next month? have you already had the secret meeting? >> i wasn't on the call for that one. my point is that there was enough growth in the third quarter to bring down the unemployment rate. >> if that's the growth that makes you and the world happy, you'll be happy for ten years. >> when you have growth above potential it's sufficient to bring down the unemployment rate. maybe the decline of the unemployment rate was actually for real. >> i'm one of those people -- >> you're not going to convince me. >> i was one of those people skeptical about the last unemployment number that we saw. that makes this unemployment number so much more important as you say. if all those things line up and we're talking about some pretty big ifs, i'll be ready to buy the stock market if we get good gdp number and solid unemployment number, that hasn't happened yet. >> there's another way to quickly look at it. if you get that seven basis point jump o
clouds of tear gas protesters called for morsi's ouster after a power grab. he's the first freely elected president taking office after a popular revolution removed hosni mubarak from power last year. >>> a new analysis from "consumer reports" finds a majority of pork for sale in the grocery stores contains high levels of a dangerous bacteria. the magazine found 69% of samples contained high levels of contaminants that causes food poisoning in about 100,000 americans, many of them children, each year. and more troubling, many of the samples were antibiotic resistant. "consumer reports" found that ground pork was more likely than pork chops to contain the bacterium and reminds readers to properly cook all meat. >>> three officials have been arrested in connection with a factory fire in bangladesh that killed 112 people amid reports that workers trying to escape the flames were locked inside. meantime, records found by the associated press inside the charred factory show it produced clothing for walmart, disney, pixar, sears and other western companies. >>> a new challenge to the pentagon's
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